Fidelity Bank will encourage non-oil products and support entrepreneurs At FITCC 2022
Rittah Onakpome Fidelity Bank Plc, a major financial institution, has announced intentions to organize the inaugural Fidelity International Trade and Creative Connect (FITCC) in an effort to give Nigerian companies a competitive edge in foreign markets.The FITCC is slated to take place on Tuesday, November 15, and Wednesday, November 16, 2022 in London, United Kingdom, […]
Wema Bank Boosts Healthy Living, Workplace Collaboration with Wemalympics 2022
Rita OnakpomeTo ensure its employees enjoy a high dose of Healthy living, physical fitness, emotional balance, and workplace collaboration to stimulate high productivity levels and a better workplace culture, Wema Bank Plc has announced the 2022edition of Wemalympics.Wemalympics is an inter-regional competition, which serves as a testimonial to the bank’s commitment to raising the bar […]
Union Bank Provides Assistance to 6,000 Regional Farmers
In order to support farmers in Kebbi State in their efforts to become financially included, Union Bank of Nigeria has teamed up with Wacot Rice Limited.The bank said on Tuesday that it has teamed up with the rice processing business Wacot Rice Limited to financially support 6,000 neighborhood growers.This was said to apply to mothers […]
Fidelity bank, SMEDAN agree to close $158.1 billion SME financing gap
A Memorandum of Understanding (MoU) was signed between Fidelity Bank Plc and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to close the $158.1 billion financing gap for small and medium-sized businesses in Nigeria. According to the World Bank, Nigeria’s financing gap for MSMEs is estimated at $158.1billion. The MoU, according to both […]
Tax payment: FG grants N16trn waiver to Dangote, Honeywell, others
The Federal Government has foregone N16.76tn in revenue to tax reliefs and concessions given to large companies between 2019 and 2021, according to findings. As of the end of 2021, 46 companies had benefitted from various tax incentives and duty waiver schemes while the requests of 186 companies were still pending.These were contained in the […]
New UK Prime Minister, Truss’ policy could boost UK-Nigeria trade beyond current £4.4 billion
Mary Elizabeth Truss, the leader of the Conservative Party, taking power as Britain’s next Prime Minister (PM). Her policy trust may just be the tonic to ramp up UK-Nigeria trade beyond the current £4.4 billion mark. Truss, aged 47, is the third female Prime Minister of the United Kingdom; following Theresa May and Margaret Thatcher. The […]
CBN worries as oil dropped by 29% to N790bn
The Central Bank of Nigeria has expressed worries as the crude oil revenue crashed by 29 per cent in the first quarter of 2022. CBN in its latest economic and statistical report for the first quarter of 2022, revealed that earnings from crude oil has dropped to N790bn from N1.1trn recorded in the previous quarter, […]
Nigeria lost over $1.9m due to disruption of gas supply to Ossiomo Power, says Obaseki
Mr. Godwin Obaseki, governor of EDO State, stated over the weekend that approximately $1.9 million has been lost in the previous five days as a result of the disruption in gas supplies to the Ossiomo Power Plant at Ologbo in the state’s Ikpoba-Okha Local Government Area. His government’s Ossiomo Electricity Project aims to make the […]
CBN Urges Private Sector Operators To Repatriate FX Earning To Reduce Pressure
The Central Bank of Nigeria (CBN) has urged the repatriation of foreign exchange (FX) profits through legitimate means to relieve pressure on the naira. This was said by Egboagwu Ezulu, CBN deputy director, banking services, at the Association of Corporate Affairs Managers of Banks (ACAMBinaugural )’s stakeholders’ conference on Wednesday in Lagos. Importers are dumping […]
Wema Bank records leading financial performance in 2022 Half-Year reports
By Benjamin Odjugo Wema Bank Plc, pioneer of Africa’s first fully digital bank and one of Nigeria’s most resilient banks, has posted a growth performance across all financial indices in the First-Half of its 2022 operations. This information is contained in the Financial Results for the Period Ended 30 June, 2022 released in Lagos on […]